Let’s delve into the comparison between Pepe Coin (PEPE) and Shiba Inu Coin (SHIB) in 2024.
PEPE vs. SHIB : 1 - Current Market Performance
*-Pepe Coin (PEPE):
PEPE has experienced a recent increase of 3.08% and is currently priced at $0.00001172. Its market cap stands at $4.93 billion, ranking it 23rd among cryptocurrencies1. However, PEPE’s trading volume has decreased by 17% in the past 24 hours. The coin is trading 31.36% lower than its all-time high reached on May 27, 2024.
*-Shiba Inu Coin (SHIB):
SHIB faced challenges, recording losses of 13.91% and 23.06% over the past week and month, respectively. With a market cap of $10.86 billion, SHIB ranks as the 12th largest cryptocurrency. SHIB’s current price is $0.00001843, with a decreased trading volume of 26% in the past 24 hours. It retraced by 79.14% from its all-time high reached on October 28, 2021.
2 - Technical Analysis
*-PEPE:
Short-term exponential moving averages (EMAs) indicate a downward trend, but extended EMAs suggest recovery opportunities. The MACD level is bearish, but the RSI indicates neutrality. Critical support levels for PEPE are at $0.00000849 and $0.00000588, with resistance at $0.00001717 and $0.00001983.
*-SHIB:
Both immediate and future trends for SHIB are bearish, consistently staying below the current price. The MACD indicator also signals bearish momentum. SHIB’s current price approaches the Fibonacci pivot point at $0.00001285.
3 - Conclusion :
While both coins face challenges, PEPE’s technical indicators hint at potential recovery, while SHIB remains under downward pressure. Investors should closely monitor market dynamics and consider their risk tolerance when choosing between these meme coins12. Remember that the crypto market is highly volatile, and any investment carries inherent risks. $PEPE $SHIB #BinanceSquareFamily #pepe⚡ #shiba⚡
Let’s dive into some recent crypto news related to Binance Square. Here are a few noteworthy updates:
1 - WLD Token Linear Unlocking: Starting from July 24, the WLD token is undergoing a significant linear unlocking process. Approximately 6.62 million WLD tokens (equivalent to about 18 million US dollars) will be unlocked daily for 730 days. This gradual release aims to maintain market stability and prevent sudden value fluctuations.
2 - CRV Transfer Between Major Players: Christian, co-founder of NextGen Venture, acquired 30 million CRV tokens from Curve founder Michael Egorov. The transaction occurred on June 13, and Christian is expected to receive these tokens in batches by mid-August. This move highlights active trading and transfer of CRV tokens in the crypto market.
3 - $36,000 Loss Due to Address Copy Error: An unfortunate incident resulted in a $36,000 loss due to an erroneous address copy from tainted transfer records. Users are advised to verify addresses carefully to avoid costly mistakes. $CRV $WLD #NewsAboutCrypto #BinanceSquareFamily
⚠️Beware of P2P chargeback scam Recently, P2P chargeback scams have occurred in Africa, especially in Kenya. Scammers buy crypto through P2P and then have an unrelated third party transfer the money through a bank (he may be unaware or an accomplice). After the seller receives the bank transfer information, he releases the crypto without confirming whether the P2P buyer's name is the same as the payee's name on the bank side. The third party then initiates a chargeback, resulting in the seller's funds being chargeback and causing losses. To avoid such scam, you must learn to REFUSE third-party bank payments. As a P2P seller, please confirm that the buyer's name is consistent with the bank payee's name. As a P2P buyer, please strictly use your own bank card to pay. Only in this way can P2P transactions become healthier and smoother.
Binance word of the day theme binance Build 01/07/2024 Binance Build WOTD Answers This guide contains all of the Binance Build Crypto WOTD Answers (word of the day) WODL theme answers (3, 4, 5, 6, 7, or 8 letters). Binance Build WOTD Answers 3 letter words: CTO 4 letter words: Chat, Mock 5 letter words: Safer, Value 6 letter words: Secure, Wallet, Better, Faster 7 letter words: Support, Product, Details, Service 8 letter words: Platform, Reliable, Stronger, Feedback #WORD_OF_THE_DAY_BINANCE $BTC $ETH $BNB
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